value - CRC trades at depressed multiples (EV/EBITDA 4.7x, P/B 1.4x) reflecting California operational constraints and energy transition…
Rising rates moderately impact CRC through higher borrowing costs on its $1.1B debt (Debt/Equity 0.32x suggests manageable leverage)…
Watch on earnings: WTI crude oil spot price and forward curve structure (contango vs backwardation), California crude differentials (ANS-WTI and Midway-Sunset-WTI spreads), Henry Hub natural gas prices impacting steam generation economics.
One Sentence Summary:
California Resources: the story is balanced — wti crude oil prices and california crude differentials (ans and midway-sunset pricing).
Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.